India Glycols saw its stock jump more than 5% in Monday’s trade after the company posted a solid set of numbers for the September quarter. The overall performance showed healthy growth across revenue, operating profit, and bottom line, giving investors a clear reason to turn optimistic. As of 9:43 AM, the shares were trading 5.41% higher at Rs 1,095.95.
For the quarter, the company reported revenue of Rs 1,092 crore, which is up 13.6% from Rs 961 crore a year ago. The improvement wasn’t limited to the top line. EBITDA moved sharply higher as well, rising 36.2% to Rs 158 crore compared to Rs 116 crore last year. With this, the operating margin also witnessed an improvement, coming in at 14.4% versus 12% earlier.
The company’s profitability strengthened too, with net profit rising 30.9% to Rs 65.1 crore against Rs 49.7 crore in the same period last year.
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